With a Wide Range of Credit Profiles: Breakout Capital Finance, a Technology-enabled Direct Lender, Brings Affordable, Fully Transparent Funding Solutions to Small Businesses
We hope that our peers join us in promoting and adopting industry-wide cost and product transparency/disclosure, as well as removing predatory practices that harm small businesses across the nation: Carl Fairbank
According to the Bureau of Labor Statistics’ Business Employment Dynamics, over 20 percent of new businesses fail during the first year of operation, and over half of new businesses fail by year five. For many the arduous journey of going from an idea to opening the doors of a new business can seem like the hardest mountain to climb in small business, but the truth is capital is the lifeblood of small business, and without funding, it can be impossible to keep your doors open.
The 2017/2018 Global Entrepreneurship Monitor stated that over half of all discontinued businesses halted operations because of lack of profits or financial funding. Money is the bloodline of any business; at almost every stage of the business, entrepreneurs find themselves asking – ‘How do I finance my start-up?’
To view the rest of The Silicon Review’s Q&A story on Breakout Capital Finance, click here.